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Tax advantages when purchasing company cars!

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Tax advantages when purchasing company cars!

Buying a vehicle for operational activities brings with it some tax advantages. Regardless of the legal form of your company, getting a new vehicle is a sales item and it has an impact reducing profits in the annual financial statements. The output causes a profit reduction, regardless of whether the company is a GmbH or an independent sole proprietorship without double bookkeeping. However, in any case positive sales to book. Without sales, operational expenses are also irrelevant. It is important to avoid high profits negative result is also without advantage in this context. A total of three Options available: A procurement in the form of a Payment in cash, a Bank or loan financing or as a last resort that Leasing of a vehicle. Leasing appears to be particularly useful in this context for several reasons. We want to take a closer look at these reasons in the following.

better not pay in cash

Tax advantages when purchasing company cars!

It rarely happens that a company pays the entire purchase price directly when buying the company car. First of all, requires a full cash payment (depending on the vehicle) very large sales. But even then there are many reasons that speak against the full payment. In this case, it can be taxed not the full amount drop. This is due to the fact that the legislature provides for a certain useful life for company vehicles. Is this z. B. five years, then with a full cash payment only a fifth of the purchase price be dropped off; be discontinued; be deducted; be dismissed. The remaining four fifths can be not as a reduction in profit assert. This disadvantage can be avoided through leasing or bank or credit financing. The advantages of the two types of financing will be discussed in the next subsection.

Advantages of leasing

As with credit or leasing financing, the installments run for a longer period of time, let this completely tax and thus reducing profits drop. But leasing offers a few other advantages. That is why leasing should always be considered when purchasing a new vehicle. That's what leasing is usually like günstiger as financing by means of credit. After the lease has expired, there is also the option of purchasing the vehicle. Last but not least, leasing offers the possibility of the vehicle cheap to insure, as a cheap insurance option is part of every lease.

Tax advantages when purchasing company cars!

Are you planning to buy a new car and are you therefore looking for financing? Or should the modified baby and its attachments simply have the best possible insurance? Then ours Credit, financing, leasing, insurance & Co. categories exactly the right place to go to get information. And also cheap financing for Accessory parts is there. Is the new one forged wheel, the planned Airride air suspension or the one you want foiling too expensive? Then a little one might help Financing in the process of implementing the modification on the vehicle. And also the topic Leasing or the vehicle sales are not neglected here. Just click through the posts and get the answer to your questions.

Tax advantages when purchasing company cars!

Of course, that wasn't the end of it!

tuningblog has countless posts on the topic Credit, financing, leasing, insurance & Co. in stock. Do you want to see them all? Just click HERE and look around. The following is an excerpt from the last contributions from this category:

Save money with a seasonal license plate in winter!

Tax advantages when purchasing company cars!

The role of the new car discount in compensation?

Tax advantages when purchasing company cars!

Car subscription: one price and everything included - except refueling!

Tax advantages when purchasing company cars!

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About Thomas Wachsmuth

Thomas Wachsmuth - He has been an integral part of tuningblog.eu since 2013. His passion for cars is so intense that he invests every available penny in them. While he dreams of a BMW E31 850CSI and a Hennessey 6x6 Ford F-150, he currently drives a rather inconspicuous BMW 540i (G31/LCI). His collection of books, magazines and brochures on the subject of car tuning has now reached such proportions that he himself has become a walking reference work for the tuning scene.  More about Thomas

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